Board approves preferential issue of shares and warrants worth Rs 1,200 crore

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹113.75

prior close

₹115.08

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.3%-0.0% vs market

Power Generation peers, median of 26sector-0.5%+0.2% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

+3.7+0.9+2.8+0.3+3.5

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UpDownMarket · Nifty Microcap 250Sector · Power Generation peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GMR Power and Urban Infra board approved a preferential issue of up to 6.61 crore equity shares at Rs 120.88 each to non-promoters, raising up to Rs 800 crore. Also approved up to 3.31 crore convertible warrants at Rs 120.88 each to a promoter group entity, worth up to Rs 400 crore. Total potential raise is Rs 1,200 crore. Issue price is at the SEBI ICDR floor price. Allottees are Synergy Industrials Metals and Power Holdings, Credit Solutions India Trust, and Hyderabad Jabilli Properties. Warrants have 18 month tenure with 1:1 conversion. Subject to shareholder approval.

Likely market impact

Preferential issue at floor price will dilute existing shareholders. Promoter group holding will rise from 0.80 percent to 4.77 percent on full conversion.